IWA LEE : Personal Real Estate Corporation : Archived blog posts for : 2022

Open House. Open House on Sunday, October 2, 2022 2:00PM - 4:00PM

Posted on September 29, 2022 by Iwa Lee

Posted in Pacific Douglas, South Surrey White Rock Real Estate

Please visit our Open House at 162 16433 19 AVE in Surrey. See details here

Open House on Sunday, October 2, 2022 2:00PM - 4:00PM

Modern 2 Bed and Den townhouse at Berkeley Village with a Rooftop deck designed for the active lifestyle. Open concept floor plan features spacious and bright living space, kitchen features 5-burner gas range, stainless steel appliances, home office and powder room on the main level, 2 bedrooms above with master ensuite and a walk-in closet. Top floor you will find a massive 518sf private deck, pre-wired for a hot tub or TV perfect for entertaining and relaxing. Side by side double car garage with lots of storage. Centrally located near The Shops at Morgan Crossing, Grandview Corners, Walmart, Superstore, Thrifty Foods, Community Centre, parks, and schools. Open House Sunday Oct 2, 2-4

Read

New property listed in Guildford, North Surrey

Posted on September 22, 2022 by Iwa Lee

Posted in Guildford, North Surrey Real Estate

New property listed in Guildford, North Surrey

I have listed a new property at 218 10180 153 ST in Surrey. See details here

This 2 Bed and Den home is immaculately kept by original owners with many upgrades including new blinds, durable vinyl plank flooring, beautiful light fixtures, updated kitchen with new S/S appliances, custom built-ins in the living room with a new electric fireplace, new carpets in the bedrooms, closet organizers, new vanities in the bathrooms. The entire home is freshly painted. Nothing to do but Move in! Functional layout with 2 ensuite bedrooms on opposite side, large Den off the entrance, 2 large patios wrap around the unit. Charlton Park offers lots of amenities incl a clubhouse, gym, pool, hot tub, sauna, 1 parking and 1 locker. Conveniently located in Guildford, close to shopping, groceries, restaurants, bus stops, Hwy 1, rec centre, library, schools. OPEN HOUSE SAT/SEP24 1-3PM

Read

I have sold a property at 1805 4485 SKYLINE DR in Burnaby

Posted on September 16, 2022 by Iwa Lee

Posted in Brentwood Park, Burnaby North Real Estate

I have sold a property at 1805 4485 SKYLINE DR in Burnaby. See details here

Welcome to SOLO District 2 ALTUS tower! Centrally located in Brentwood Burnaby, steps to the Amazing Brentwood Town Centre, Brentwood Skytrain, Whole Foods, Shoppers Drug Mart and much more! This well kept 1 Bedroom offers an efficient layout with a good size den, S/S appliances, gas stove, granite countertops, geothermal heating & cooling system, North facing private balcony with stunning mountain views. Amenities include rooftop patio, outdoor social area with BBQ, gym, outdoor hockey and basketball court, and concierge.

Read

Metro Vancouver's housing market sees fewer home buyers and sellers in August

Posted on September 15, 2022 by Iwa Lee

Metro Vancouver’s housing market is experiencing a quieter summer season marked by reduced sale and listing activity.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,870 in August 2022, a 40.7 per cent decrease from the 3,152 sales recorded in August 2021, and a 0.9 per cent decrease from the 1,887 homes sold in July 2022.

Last month’s sales were 29.2 per cent below the 10-year August sales average.

"With inflationary pressure and interest rates on the rise, home buyer and seller activity shifted below our long-term seasonal averages this summer. This shift in market conditions caused prices to edge down over the past four months."

Andrew Lis, REBGV Director, economics and data analytics

There were 3,328 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in August 2022. This represents a 17.5 per cent decrease compared to the 4,032 homes listed in August 2021 and a 16 per cent decrease compared to July 2022 when 3,960 homes were listed.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 9,662, a 7.3 per cent increase compared to August 2021 (9,005) and a 6.1 per cent decrease compared to July 2022 (10,288).

“Home buyers and sellers are taking more time to assess what this changing landscape means for their housing needs,” Lis said. “Preparation is critical in today’s market. Work with your Realtor to assess what today’s home prices, financing options, and other considerations mean for you.”

For all property types, the sales-to-active listings ratio for August 2022 is 19.4 per cent. By property type, the ratio is 12.2 per cent for detached homes, 25.3 per cent for townhomes, and 24.8 per cent for apartments.

Generally, analysts say downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

Fraser Valley housing market signals further settling as sales continue to stall in response to interest rate rises.

"For the past three months we’ve seen the local market return to a more balanced state,” said Board President, Sandra Benz. “With the Fraser Valley continuing to settle after months of record sales and prices, we expect to see more activity this coming fall as buyers look to capitalize on the region’s reputation for providing greater value for the real estate dollar.”

Benchmark prices continued to fall across all property categories, bringing them in relative line with prices from December 2021 and eating into year-over year gains.

Get in touch with Iwa if you want to know specifically about any areas, property types, or trends that you can take advantage of.

Read

New property listed in Pacific Douglas, South Surrey White Rock

Posted on September 8, 2022 by Iwa Lee

Posted in Pacific Douglas, South Surrey White Rock Real Estate

New property listed in Pacific Douglas, South Surrey White Rock

I have listed a new property at 162 16433 19 AVE in Surrey. See details here

Modern 2 Bed and Den townhouse at Berkeley Village with a Rooftop deck designed for the active lifestyle. Open concept floor plan features spacious and bright living space, kitchen features 5-burner gas range, stainless steel appliances, home office and powder room on the main level, 2 bedrooms above with master ensuite and a walk-in closet. Top floor you will find a massive 518sf private deck, pre-wired for a hot tub or TV perfect for entertaining and relaxing. Side by side double car garage with lots of storage. Centrally located near The Shops at Morgan Crossing, Grandview Corners, Walmart, Superstore, Thrifty Foods, Community Centre, parks, and schools. Open House SAT/SEP10 2-4pm

Read

Open House. Open House on Saturday, September 10, 2022 2:00PM - 4:00PM

Posted on September 8, 2022 by Iwa Lee

Posted in Pacific Douglas, South Surrey White Rock Real Estate

Please visit our Open House at 162 16433 19 AVE in Surrey. See details here

Open House on Saturday, September 10, 2022 2:00PM - 4:00PM

Modern 2 Bed and Den townhouse at Berkeley Village with a Rooftop deck designed for the active lifestyle. Open concept floor plan features spacious and bright living space, kitchen features 5-burner gas range, stainless steel appliances, home office and powder room on the main level, 2 bedrooms above with master ensuite and a walk-in closet. Top floor you will find a massive 518sf private deck, pre-wired for a hot tub or TV perfect for entertaining and relaxing. Side by side double car garage with lots of storage. Centrally located near The Shops at Morgan Crossing, Grandview Corners, Walmart, Superstore, Thrifty Foods, Community Centre, parks, and schools. Open House SAT/SEP10 2-4pm

Read

Open House. Open House on Saturday, September 10, 2022 1:00PM - 3:00PM

Posted on September 8, 2022 by Iwa Lee

Posted in Brentwood Park, Burnaby North Real Estate

Please visit our Open House at TH01 2288 ALPHA AVE in Burnaby. See details here

Open House on Saturday, September 10, 2022 1:00PM - 3:00PM

Rarely available 3 Bedroom and Den townhome features 1708sf interior living and bonus 3 outdoor spaces. Huge front porch patio on main perfect for BBQ with easy street access, private balcony on 2nd level and a massive 580sf private rooftop patio to enjoy. Main floor offers 1 bedroom with 1 full bath right next to it plus a Den perfect for home office, lots of windows and natural light. Upstairs you will find two ensuite bedrooms on opposite ends. Lots of storage in this home in addition to 2 storage lockers. Pets and rentals allowed. Secured underground parking with 2 side by side EV stalls. Centrally located in Brentwood, walking distance to Brentwood Skytrain, Brentwood Town Centre, shops and services. Open House: SAT/SEP10, 1-3PM

Read

New property listed in Brentwood Park, Burnaby North

Posted on September 7, 2022 by Iwa Lee

Posted in Brentwood Park, Burnaby North Real Estate

New property listed in Brentwood Park, Burnaby North

I have listed a new property at TH01 2288 ALPHA AVE in Burnaby.

See details here

Rarely available 3 Bedroom and Den townhome features 1708sf interior living and bonus 3 outdoor spaces. Huge front porch patio on main perfect for BBQ with easy street access, private balcony on 2nd level and a massive 580sf private rooftop patio to enjoy. Main floor offers 1 bedroom with 1 full bath right next to it plus a Den perfect for home office, lots of windows and natural light. Upstairs you will find two ensuite bedrooms on opposite ends. Lots of storage in this home in addition to 2 storage lockers. Pets and rentals allowed. Secured underground parking with 2 side by side EV stalls. Centrally located in Brentwood, walking distance to Brentwood Skytrain, Brentwood Town Centre, shops and services.

Read

Contact Me